SAN JOSE, Calif., Oct. 27, 2006 (PRIMEZONE) -- Power Integrations (Pink Sheets:POWI), the leader in high-voltage analog integrated circuits for power conversion, today announced that its shares will resume trading on the Nasdaq Global Market at the open of business on October 30, under the ticker symbol POWI. The Nasdaq Listing and Hearing Review Council has granted the company an exception until December 18, 2006 to file its outstanding annual and quarterly reports and thereby regain compliance with Nasdaq Marketplace Rules. Should the company be unable to regain compliance by December 18, its shares will again cease to trade on the Nasdaq Global Market.
"We are delighted that Nasdaq has decided to allow our shares to resume trading," said Balu Balakrishnan, president and CEO of Power Integrations. "Our financial restatement efforts are progressing, and we are doing everything within our power to complete the restatement and file our outstanding financial reports prior to December 18."
About Power Integrations
Power Integrations, Inc. is the leader in high-voltage analog integrated circuits for power conversion. The company's breakthrough technology enables compact, energy-efficient power supplies in a wide range of AC-DC and DC-DC applications. The company's EcoSmart(r) energy-efficiency technology, which dramatically reduces energy waste, has saved consumers and businesses around the world more than an estimated $1.8 billion on their electricity bills since its introduction in 1998. For more information, visit the Power Integrations website at www.powerint.com.